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H SMITH RICHARDSON CHARITABLE TRUST: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
H SMITH RICHARDSON CHARITABLE TRUST (EIN 23-7245123)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-14
IRS object ID
202443199349102769
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-14T11:34:18-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN420714325PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RSM US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1920 5TH AVENUE SUITE 2800AddressLine1Txt
CitySEATTLECityNm
State AbbreviationWAStateAbbreviationCd
ZIP98104ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237245123EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1H SMITH RICHARDSON CHARITABLE TRUSTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHSMIBusinessNameControlTxt
Phone3363798600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1701 GREEN VALLEY RD 306AddressLine1Txt
CityGREENSBOROCityNm
State AbbreviationNCStateAbbreviationCd
ZIP274087096ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROSS HEMPHILLPersonNm
Person TitleCFOPersonTitleTxt
Phone3363798600PhoneNum
Signature2024-11-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSUE ROBISONPreparerPersonNm
PTINP00560072PTIN
Phone2062814444PhoneNum
Preparation2024-11-12PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$66,823,674FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$910,026DividendsRevAndExpnssAmt
Dividends Net Invst Incm$901,909DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$2,033,856NetGainSaleAstRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm$2,032,034CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$3,759,860OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$294,031OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$6,703,742TotalRevAndExpnssAmt
Total Net Invst Incm$3,227,974TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$3,363LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$3,363LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$13,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$13,000AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$604,484OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$846,369OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$604,484OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$29,038TaxesRevAndExpnssAmt
Taxes Net Invst Incm$0TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$2,611TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$0TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$2,611TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$36,761OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$0OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$51,672OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$689,257TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$846,369TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$675,130TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,987,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,987,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,676,257TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$846,369TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$2,662,130TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$4,027,485ExcessRevenueOverExpensesAmt
Net Investment Income$2,381,605NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$26,395CashBOYAmt
Cash EOY$20,266CashEOYAmt
Cash EOYFMV$20,266CashEOYFMVAmt
Acct Rcvbl$374AcctRcvblAmt
Acct Rcvbl EOY$374AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$374AcctRcvblEOYFMVAmt
Other Investments BOY$62,628,880OtherInvestmentsBOYAmt
Other Investments EOY$66,787,617OtherInvestmentsEOYAmt
Other Investments EOYFMV$66,787,617OtherInvestmentsEOYFMVAmt
Other Assets BOY$30,220OtherAssetsBOYAmt
Other Assets EOY$15,417OtherAssetsEOYAmt
Other Assets EOYFMV$15,417OtherAssetsEOYFMVAmt
Total Assets BOY$62,685,495TotalAssetsBOYAmt
Total Assets EOY$66,823,674TotalAssetsEOYAmt
Total Assets EOYFMV$66,823,674TotalAssetsEOYFMVAmt
Accounts Payable BOY$22AccountsPayableBOYAmt
Accounts Payable EOY$14,716AccountsPayableEOYAmt
Other Liabilities BOY$191,000OtherLiabilitiesBOYAmt
Other Liabilities EOY$287,000OtherLiabilitiesEOYAmt
Total Liabilities BOY$191,022TotalLiabilitiesBOYAmt
Total Liabilities EOY$301,716TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$62,494,473NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$66,521,958NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$62,494,473TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$66,521,958TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$62,685,495TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$66,823,674TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$62,494,473TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$4,027,485ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$66,521,958SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$66,521,958TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
FLOW THROUGH FROM MOORINGS CAPITAL, LLCP$338,462$338,462
FLOW THROUGH FROM MOORINGS CAPITAL, LLCP$1,695,394$1,695,394
UBI (GAIN)/LOSS FLOW THROUGH FROM MOORINGS CAPITAL LLCP-$1,822-$1,822
FieldValueIRS element (for citing)
Capital Gain Net Income$2,032,034CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$33,104InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$33,104SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$33,104TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$20,145EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$16,000ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$36,145TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Overpayment$3,041OverpaymentAmt
Applied To ES Tax$3,041AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateCTOrgReportOrRegisterStateCd
Org Report Or Register StateNCOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled EntityYes (1)OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksROSS HEMPHILLIndividualWithBooksNm
Phone3363798600PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1701 GREEN VALLEY ROAD SUITE 306AddressLine1Txt
CityGREENSBOROCityNm
State AbbreviationNCStateAbbreviationCd
ZIP274087096ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (1)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions0ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc0TransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsYes (1)MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
C GERHARD ANDERSON III
701 GREEN VALLEY ROAD NO306GREENSBORONC27408TRUSTEE1.00$0$0$0
JOHN P RICHARDSON JR
701 GREEN VALLEY ROAD NO306GREENSBORONC27408TRUSTEE1.00$0$0$0
TYLER B RICHARDSON
701 GREEN VALLEY ROAD NO306GREENSBORONC27408TRUSTEE1.00$0$0$0
NICOLAS L RICHARDSON
701 GREEN VALLEY ROAD NO306GREENSBORONC27408TRUSTEE1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SMITH RICHARDSON FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1701 GREEN VALLEY ROADAddressLine1Txt
CityGREENSBOROCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27408ZIPCd
FieldValueIRS element (for citing)
Service TypeGRANT ADMINISTRATION SERVICESServiceTypeTxt
Compensation$590,834CompensationAmt
FieldValueIRS element (for citing)
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$63,980,263AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$22,084AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$64,002,347TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$64,002,347AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$960,035CashDeemedCharitableAmt
Net Vl Noncharitable Assets$63,042,312NetVlNoncharitableAssetsAmt
Minimum Investment Return$3,152,116MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$3,152,116MinimumInvestmentReturnAmt
Tax Based On Investment Income$33,104TaxBasedOnInvestmentIncomeAmt
Total Tax$33,104TotalTaxAmt
Distributable Before Adj$3,119,012DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$3,119,012DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$3,119,012DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$2,662,130ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$2,662,130QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$3,119,012DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr1$356,452ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$356,452TotalExcessDistributionCyovAmt
Qualifying Distributions$2,662,130QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$2,662,130AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$356,452ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$356,452ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$100,430UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SMITH RICHARDSON FOUNDATION INC
701 GREEN VALLEY ROADGREENSBORONC27408PFFLOW THROUGH GRANT - FOR CHARITABLE, SCIENTIFIC, LITERARY, EDUCATIONAL PURPOSES OR RELIGIOUS NEEDS.$1,967,000
LAFAYETTE COLLEGE
730 HIGH STEASTONPA18042PCGENERAL SUPPORT$10,000
GREENS FARMS ACADEMY
35 BEACHSIDE AVEWESTONCT06880PCGENERAL SUPPORT$5,000
SAILING FOUNDATION OF THE YACHT CLUB OF SEA ISLE CITY INC
4487 VENICEAN RDSEA ISLE CITYNJ08243PCGENERAL SUPPORT$3,000
WESTON VOLUNTEER FIRE DEPARTMENT
56 NORTHFIELD RDWESTONCT06883PCGENERAL SUPPORT$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,987,000TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Business523000BusinessCd
Exclusion14ExclusionCd
Exclusion$910,026ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Business523000BusinessCd
Exclusion14ExclusionCd
Exclusion$359,855ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Business523000BusinessCd
Exclusion18ExclusionCd
Exclusion$2,033,856ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (3 entries)

DescDescBusinessBusinessCdExclusionExclusionAmt
DEFERRED TAX BENEFIT900099-$81,000
GAAP ADJUSTMENTS FROM FLOW THROUGH ENTITY523000$4,452,376
PORTFOLIO DEDUCTIONS FROM FLOW THROUGH ENTITY523000-$971,371

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$6,703,742ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$6,703,742TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAUDIT FEECategoryTxt
Amt$13,000Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$13,000DisbursementsCharitablePrpsAmt

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibilityGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SMITH RICHARDSON FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1701 GREEN VALLEY ROAD SUITE 306AddressLine1Txt
CityGREENSBOROCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27408ZIPCd
FieldValueIRS element (for citing)
Grant2023-04-12GrantDt
Grant$1,967,000GrantAmt
Purpose Of GrantTO BE USED FOR CHARITABLE, SCIENTIFIC, LITERARY, EDUCATIONAL PURPOSES OR RELIGIOUS NEEDS AS DEFINED UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).PurposeOfGrantTxt
Expended By Grantee$1,967,000ExpendedByGranteeAmt
Any Diversion By GranteeNOAnyDiversionByGranteeTxt
Dates Of Reports By Grantee11/07/2024DatesOfReportsByGranteeTxt
Results Of VerificationGRANT WAS FULLY EXPENDED IN ACCORDANCE WITH AGREED UPON TERMS OF EXPENDITURE RESPONSIBILITY.ResultsOfVerificationTxt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
IdentifierCONTROLLED ENTITIESIdentifierTxt
Form And Line ReferenceFORM 990-PF, PART VI-A, LINE 11FormAndLineReferenceDesc
Medium ExplanationTHE H. SMITH RICHARDSON CHARITABLE TRUST (EIN 23-7245123) OWNS AN APPROXIMATELY 8.16% INTEREST IN MOORINGS CAPITAL LLC (EIN 56-2280118). MOORINGS CAPITAL LLC'S ADDRESS IS 701 GREEN VALLEY ROAD, SUITE 306, GREENSBORO, NC 27408. SOME OF THE OTHER LLC MEMBERS SHARE COMMON TRUSTEES WITH THE H. SMITH RICHARDSON CHARITABLE TRUST. WHEN THE TRUST'S OWNERSHIP INTEREST IN MOORINGS CAPITAL LLC IS COMBINED WITH THE OTHER LLC MEMBERS, THE TRUST COULD BE CONSIDERED TO OWN A CONTROLLED ENTITY. DURING THE 2023 TAX YEAR, THE H. SMITH RICHARDSON CHARITABLE TRUST DID NOT RECEIVE ANY SPECIFIED PAYMENTS FROM MOORINGS CAPITAL LLC WITHIN THE MEANING OF INTERNAL REVENUE CODE SECTION 512(B)(13)(A).ALSO, THE H. SMITH RICHARDSON CHARITABLE TRUST'S OWNERSHIP INTEREST IN MOORINGS CAPITAL LLC IS NOT AN EXCESS BUSINESS HOLDING UNDER INTERNAL REVENUE CODE SECTION 4943.MOORINGS CAPITAL LLC IS A PARTNERSHIP FOR FEDERAL INCOME TAX PURPOSES, AND IT HAS FOUR PARTNERS/LLC MEMBERS. ALL OF THE MEMBERS ARE TAX EXEMPT ENTITIES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).THIS LLC WAS FORMED FOR THE PURPOSE OF POOLING EACH INDIVIDUAL TAX EXEMPT ENTITY'S SEPARATE INVESTMENTS INTO ONE LARGER INVESTMENT POOL. THIS POOLING OF INVESTMENTS PROVIDES MANY BENEFITS TO THE PARTNERS/MEMBERS WHICH INCLUDE LOWER INVESTMENT MANAGEMENT FEES AND ACCESS TO INVESTMENTS NOT OTHERWISE AVAILABLE. MOORINGS CAPITAL LLC DOES NOT HAVE ANY EMPLOYEES AND ITS ONLY ASSETS ARE THE INVESTMENTS IN LOWER TIER INVESTMENT PARTNERSHIPS. MOORINGS CAPITAL DOES NOT HAVE A CONTROLLING INTEREST IN ANY OF THE LOWER TIER INVESTMENT PARTNERSHIPS THAT IT OWNS. ALSO, NEITHER H. SMITH RICHARDSON CHARITABLE TRUST NOR ANY OTHER PARTNER/LLC MEMBER HAS ANY CONTROLLING INTEREST IN ANY OF THE LOWER TIER INVESTMENTS THAT ARE OWNED BY MOORINGS CAPITAL LLC.DURING THE 2023 TAX YEAR THE H. SMITH RICHARDSON CHARITABLE TRUST RECEIVED $2,626,000 OF CAPITAL DISTRIBUTIONS FROM MOORINGS CAPITAL LLC.MediumExplanationTxt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemINVESTMENT IN MOORINGS CAPITAL LLCCategoryOrItemTxt
Listed At Cost Or FMVFMVListedAtCostOrFMVCd
Book Value$66,787,617BookValueAmt
EOYFMV$66,787,617EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEECategoryTxt
Legal Fees$3,363LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$3,363DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
PREPAID INSURANCE$15,200$15,417$15,417
FEDERAL EXCISE TAX REFUNDABLE$15,020$0$0

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INSURANCE EXPENSE$26,211$0$26,429
MISCELLANEOUS EXPENSES$3,600$0$18,293
PROBATE COURT FEES$6,950$0$6,950

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (8 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
NET RENTAL REAL ESTATE INCOME FROM FLOW THROUGH ENTITY-$14,594-$7,062-$14,594
OTHER INVESTMENT GAIN/(LOSS) FROM FLOW THROUGH ENTITY$252,786$252,700$252,786
ROYALTY INCOME FROM FLOW THROUGH ENTITY$9,016$8,487$9,016
ORDINARY BUSINESS INCOME FROM FLOW THROUGH ENTITY$111,830$36,859$111,830
SECTION 1231 GAIN/LOSS FROM FLOW THROUGH ENTITY$817$3,047$817
DEFERRED TAX BENEFIT-$81,000-$81,000
GAAP ADJUSTMENTS FROM FLOW THROUGH ENTITY$4,452,376$4,452,376
PORTFOLIO DEDUCTIONS FROM FLOW THROUGH ENTITY-$971,371-$971,371

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmt
DEFERRED FEDERAL EXCISE TAX ACCURAL$191,000$272,000
FEDERAL EXCISE TAX PAYABLE$0$15,000

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
OTHER PROFESSIONAL SERVICES$13,650$0$13,650
MANAGEMENT FEE$590,834$0$590,834
INVESTMENT EXPENSES FROM FLOW THROUGH ENTITY$0$846,369$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAXCategoryTxt
Amt$29,038Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Transfers Frm Controlled Entities TransfersFrmControlledEntities

Transfers From Controlled Ent TransfersFromControlledEntGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MOORINGS CAPITAL LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1701 GREEN VALLEY ROAD SUITE 306AddressLine1Txt
CityGREENSBOROCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27408ZIPCd
FieldValueIRS element (for citing)
EIN562280118EIN
DescDISTRIBUTION MADE FROM MOORINGS CAPITAL LLC SHOWN ON 2023 SCH K-1 RECEIVED FROM PARTNERSHIP.Desc
Amt$0Amt
FieldValueIRS element (for citing)
Total$2,626,000TotalAmt

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